Given the following for the Whittier Company: Question 30 Not yet answered Points out of 2.5 P Flag question $4,000 Freight-Out Sales Revenue Inventory, January 1 80,000 15,000 Inventory, December 31 12,000 6,000 Freight-in Bad Debt Expense 2,000 Purchases 38,000 Purchase Returns and Allowances 1,500 Interest Revenue 5,000 Goods Available for Sale is: Select one: a. $54,500 b. $41,500 c. $57,500 O d. $43,500 O e. $51,600 Which is true for a 2-for-1 stock split? Question 31 Not yet answered Points out of 2.5 P Flag question Select one: a. Retained Earnings remains unchanged b. Total Equity increases c. Total Equity decreases d. Contributed Capital increases Question 32 For effective internal controls, which is not a required function to appropriately separate? Not yet answered Points out of 25 Flag question Select one: a. Custody b. Compliance c. Recording d. Authorization Question 33 The issue of Bonds Payable results in Not yet answered Select one: a. Points out of 2.5 Flag question Assets Liabilities Increased Increased Assets Decreased Liabilities Decreased C. Assets Liabilities Increased Unchanged d. Assets Liabilities Unchanged Unchanged Assets Liabilities Decreased Increased